Market Research Report: Tools Market
Product ID: 1475004 Publisher: Grand View Research
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According to the latest report from Grand View Research, Inc., the global tools market is expected to record a CAGR of 5.7% from 2024 to 2030, reaching approximately 61.84 billion USD by 2030. The growth of the market is driven by increased construction spending in emerging countries around the world. Manufacturers are continuously introducing new improved tools equipped with advanced features such as performance, durability, and user-friendly designs. For example, electric tools now incorporate brushless motors to enhance efficiency, lithium-ion batteries for longer operating times, and ergonomic designs to improve comfort during prolonged use. These technological advancements have made electric tools and hand tools more appealing to both professionals and DIY enthusiasts, leading to increased demand. The construction and infrastructure sectors are experiencing significant global growth due to urbanization, population growth, and government investment in infrastructure development.
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Publication Date: April 29, 2024 Publisher: Grand View Research Page Information: English 120 Pages Table of Contents Chapter 1: Research Methodology and Scope Chapter 2: Executive Summary Chapter 3: Tools Market: Variables, Trends, and Scope Chapter 4: Tools Market: Estimation and Trend Analysis by Product Chapter 5: Tools Market: Estimation and Trend Analysis by Application Chapter 6: Tools Market: Estimation and Trend Analysis by Region Chapter 7: Tools Market: Supplier Intelligence Chapter 8: Tools Market: Competitive Landscape *The table of contents and pricing for this report are as of the time of publication. For the latest information, please contact us.*
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The market research report is an informational document systematically describing market size and trends, based on research and analysis of market and technological trends conducted by overseas research publishing companies. In addition to quantitative data such as market trend analysis and future forecasts, it also includes information on the strategies of various companies and profiles of entering firms, which our customers utilize as part of their research on overseas markets and new technologies.
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